【$INIT Signal】Long | Healthy Reset After Breakout with Volume

$INIT After a single-day surge of 28%, the price is consolidating tightly at high levels. This is a typical cooling-off after a breakout, indicating a healthy reset rather than a top, showing that buying pressure is absorbing the profit-taking selling pressure and preparing for the next upward move.

🎯 Direction: Long

🎯 Entry: 0.1100 - 0.1140

🛑 Stop Loss: 0.1040 ( Rigid stop loss, invalidates the breakout logic if broken )

🚀 Target 1: 0.1300

🚀 Target 2: 0.1450

The surge accompanied by a significant increase in open interest (OI) is a clear signal of main capital entering the market, rather than just a short squeeze. The price did not retrace significantly after the breakout but instead formed a narrow range at high levels, demonstrating strength. Psychologically, the cooling-off period after the initial large rally clears out hesitant bulls, laying a foundation for a healthier upward trend. As long as the price stays above 0.1040 (a key breakout support zone), the probability of continuing upward is much higher than reversing.

Trade here 👇 $INIT
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